US House Unveils Draft Bill for Stablecoin Regulation

Image=Eleanor Terrett X

The US House has unveiled a draft bill related to the regulation of stablecoins.

On the 7th (local time), Eleanor Terrett, a Fox Business reporter, reported on X (formerly Twitter) that "French Hill, Chairman of the House Financial Services Committee, and Bryan Steil, Chairman of the Digital Assets Subcommittee, have unveiled a draft bill concerning the establishment of a regulatory framework for stablecoins in the United States."

The bill imposes a two-year ban on stablecoins backed solely by self-issued digital assets and mandates a Treasury study to assess their risks.